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Safilo Group SpA (IT:SFL)
:SFL

Safilo Group SpA (SFL) AI Stock Analysis

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IT:SFL

Safilo Group SpA

(SFL)

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Outperform 71 (OpenAI - 4o)
Rating:71Outperform
Price Target:
€2.00
▲(3.09% Upside)
The overall stock score is driven by strong financial performance and positive technical indicators. Despite revenue declines, the company has improved profitability and cash flow generation. The stock's technical indicators suggest bullish momentum, supporting a positive outlook. Valuation is reasonable, but the lack of a dividend yield may deter income-focused investors.
Positive Factors
Profitability Improvement
The improvement in net profit margin indicates enhanced cost management and operational efficiency, contributing to long-term profitability.
Cash Flow Generation
Strong cash flow growth enhances financial flexibility, supporting reinvestment in business operations and potential debt reduction.
Balance Sheet Health
A healthy balance sheet with moderate leverage provides stability and the ability to withstand economic fluctuations.
Negative Factors
Revenue Decline
Continued revenue decline could hinder growth prospects and market competitiveness, impacting long-term business sustainability.
Volatile Revenue Trends
Volatile revenue trends create uncertainty in financial planning and may challenge consistent market positioning.
Industry Challenges
Ongoing industry challenges require constant adaptation, potentially straining resources and impacting long-term strategic goals.

Safilo Group SpA (SFL) vs. iShares MSCI Italy ETF (EWI)

Safilo Group SpA Business Overview & Revenue Model

Company DescriptionSafilo Group S.p.A. engages in the design, production, wholesale, and retail distribution of products for the eyewear market in North America, Europe, the Asia Pacific, and internationally. Its brand portfolio comprises a set of own branded products, such as optical frames, sunglasses, sports goggles, and helmets, as well as licensed brands,including prescription frames and sunglasses. The company offers its products under own brands comprising Carrera, Polaroid, Safilo, Smith, Blenders Eyewear, and Privé Revaux, as well as Adensco, Chesterfield, Elasta, and Emozioni; and licensed brands, such as Banana Republic, BOSS, Carolina Herrera, Chiara Ferragni, David Beckham, Dsquared2, Fossil, havaianas, HUGO, Isabel Marant, Jimmy Choo, Juicy Couture, Kate Spade, LEVI'S, Liz Claiborne, Marc Jacobs, Missoni, M Missoni, Moschino and Love Moschino, Pierre Cardin, PORTS, rag&bone, Rebecca Minkof, Tommy Hilfiger, Tommy Jeans, Under Armour, and Liz Claiborne brand. It serves opticians, optometrists, ophthalmologists, distribution chains, department stores, specialized retailers, and licensors' own stores, as well as duty free and sports shops. The company sells its products through a network of independent distributor partners. The company was formerly known as Safilo Holding S.p.A. and changed its name to Safilo Group S.p.A. in September 2005. Safilo Group S.p.A. was founded in 1878 and is headquartered in Padua, Italy.
How the Company Makes MoneySafilo Group generates revenue primarily through the sale of eyewear products, which include sunglasses, prescription glasses, and sports eyewear. The company operates a dual revenue model: it sells products under its own brands, such as Safilo and Carrera, and also holds licenses for prestigious brands like Dior, Fendi, and Jimmy Choo. Key revenue streams include direct sales to retailers, e-commerce platforms, and wholesale distribution. Significant partnerships with luxury fashion houses enhance Safilo's product offerings and brand visibility, allowing the company to tap into high-value markets. Additionally, Safilo invests in marketing and product innovation to maintain a competitive edge and drive sales growth.

Safilo Group SpA Financial Statement Overview

Summary
Safilo Group SpA has demonstrated improvements in profitability and cash flow generation, despite revenue declines. The balance sheet remains robust with manageable debt levels and improved equity ratios. Continued focus on operational efficiency and cost management could further bolster financial performance amidst industry challenges.
Income Statement
The company's revenue has been volatile, showing a decline in recent years, with a 3.3% decrease from 2022 to 2023 and a further 3.1% decrease from 2023 to 2024. Despite this, the gross profit margin in 2024 improved to 56.6% from 58.7% in 2023, indicating better cost management. The net profit margin improved significantly to 2.24% in 2024 from a negative 2.4% in 2023, showing a return to profitability. EBIT and EBITDA margins also improved, signaling operational efficiency gains.
Balance Sheet
The company's balance sheet is stable, with a debt-to-equity ratio of 0.31 in 2024, indicating moderate leverage. The equity ratio improved to 49.0% in 2024, suggesting a healthy balance between debt and equity financing. Return on equity increased to 5.4% in 2024, indicating better shareholder value creation compared to previous years.
Cash Flow
The company has shown strong cash flow performance with a 87.4% growth in free cash flow from 2023 to 2024. The operating cash flow to net income ratio was 3.42 in 2024, indicating strong cash generation relative to net income. The free cash flow to net income ratio was 2.90, showing efficient cash conversion from earnings.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue998.89M993.22M1.02B1.08B969.58M780.30M
Gross Profit586.40M561.73M601.74M597.45M445.64M305.25M
EBITDA102.14M90.49M56.35M129.10M109.37M-16.27M
Net Income46.40M22.30M-24.65M54.16M21.27M-72.97M
Balance Sheet
Total Assets800.65M842.34M855.46M960.27M937.77M913.92M
Cash, Cash Equivalents and Short-Term Investments72.57M47.42M74.90M77.71M99.00M88.97M
Total Debt114.93M140.54M157.60M191.11M192.96M311.04M
Total Liabilities386.86M414.88M459.68M521.35M571.68M727.55M
Stockholders Equity401.08M413.07M379.20M409.92M326.74M143.25M
Cash Flow
Free Cash Flow80.34M64.65M34.50M-6.71M-2.66M-23.38M
Operating Cash Flow89.55M76.22M47.71M9.16M17.30M885.00K
Investing Cash Flow681.00K-48.87M-8.65M-15.67M-9.76M-133.20M
Financing Cash Flow-76.84M-54.83M-40.47M-16.81M2.07M168.89M

Safilo Group SpA Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.94
Price Trends
50DMA
1.84
Positive
100DMA
1.70
Positive
200DMA
1.30
Positive
Market Momentum
MACD
0.02
Negative
RSI
59.64
Neutral
STOCH
79.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:SFL, the sentiment is Positive. The current price of 1.94 is above the 20-day moving average (MA) of 1.90, above the 50-day MA of 1.84, and above the 200-day MA of 1.30, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 59.64 is Neutral, neither overbought nor oversold. The STOCH value of 79.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:SFL.

Safilo Group SpA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
€14.74B24.0818.89%2.32%0.87%-5.61%
71
Outperform
€804.73M17.2611.48%-0.76%2341.30%
66
Neutral
€5.93B11.958.81%4.33%1.64%14.73%
65
Neutral
€1.05B22.231.79%9.02%4.80%
62
Neutral
€6.48B49.1328.41%0.95%10.35%15.89%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
€1.35B-10.25-20.18%1.24%-8.65%-1512.63%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IT:SFL
Safilo Group SpA
1.94
0.96
98.77%
IT:MONC
Moncler S.p.A.
54.46
4.24
8.44%
IT:SFER
Salvatore Ferragamo S.p.A.
8.14
1.39
20.50%
IT:BC
Brunello Cucinelli SpA
95.30
-11.20
-10.52%
IT:PIRC
Pirelli & C. SpA
5.93
0.56
10.41%
IT:ICOS
Intercos S.p.A.
10.92
-2.66
-19.59%

Safilo Group SpA Corporate Events

Safilo Completes €18 Million Share Buyback, Lifts Treasury Stake to 5.6%
Dec 22, 2025

Safilo Group S.p.A. has completed its share buyback programme, originally announced in June 2025 and carried out under a mandate from the shareholders’ meeting, after fully using the €18 million in cash allocated to the initiative. Over the course of the programme, the company repurchased 12,245,488 ordinary shares, equal to about 2.95% of its share capital, at a weighted average price of approximately €1.47 per share, bringing its total treasury share position to 23,245,488 shares, or around 5.60% of outstanding stock. The move consolidates Safilo’s ownership of its own equity and may support capital management flexibility and shareholder value initiatives, while signalling confidence in the company’s prospects to the market.

The most recent analyst rating on (IT:SFL) stock is a Hold with a EUR1.70 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Updates Share Capital Composition to Support Growth
Dec 17, 2025

Safilo Group S.p.A. has updated its share capital composition following the issuance of 35,308 new ordinary shares to support the company’s stock option plan. Despite the additional shares, the overall share capital remains unchanged. This move underscores Safilo’s strategy to retain and incentivize talent, aligning stakeholder interests and demonstrating the company’s commitment to long-term growth and innovation in the eyewear industry.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Updates on Share Buyback Progress
Dec 16, 2025

Safilo Group S.p.A. has updated its shareholders on the progress of its share buyback program, which was initiated in June 2025. Between December 8 and December 12, 2025, the company purchased 171,000 ordinary shares on the Euronext Milan market, bringing its total holdings to approximately 5.56% of its outstanding shares. This buyback program is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Advances Share Purchase Program with Strategic Acquisitions
Dec 10, 2025

Safilo Group S.p.A. announced the execution of its share purchase program, acquiring 200,000 ordinary shares between December 1 and December 5, 2025, at an average price of 1.878390 euros per share. This brings the total shares purchased under the program to 11,902,492, representing approximately 5.52% of the outstanding shares, indicating a strategic move to consolidate its market position and potentially enhance shareholder value.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group’s Active Share Transactions on Euronext Milan
Dec 2, 2025

Safilo Group S.p.A. announced a series of transactions involving its shares on the Euronext Milan market, conducted by Kepler Cheuvreux SA. These transactions, which occurred over several days in November 2025, involved significant quantities of shares and varied in average weighted prices, indicating active trading and potential implications for market stakeholders.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Completes Share Purchase Program, Strengthening Market Position
Dec 2, 2025

Safilo Group S.p.A. announced the completion of a share purchase program, acquiring 200,000 ordinary shares between November 24 and November 28, 2025. This acquisition brings the company’s total holdings to approximately 5.47% of its outstanding shares, reflecting a strategic move to consolidate its market position.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Considers Revised Offer for Inspecs Group
Nov 20, 2025

Safilo Group S.p.A. has made an initial approach to Inspecs Group regarding a potential acquisition of its Eschenbach Group and BoDe activities, followed by two non-binding cash offers to acquire Inspecs’ entire share capital, both of which were rejected. Safilo is evaluating its options, including a revised offer, with a deadline set for December 18, 2025, to announce its intentions, which could significantly impact its market positioning and stakeholder interests.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Announces Change in Share Capital
Nov 19, 2025

Safilo Group S.p.A. has announced a change in its share capital following the partial execution of stock option plans approved in previous years. Between October and November 2025, the company issued 280,807 new ordinary shares, aligning with its strategic initiatives to enhance shareholder value. This change reflects Safilo’s ongoing commitment to its growth strategies and may impact its market positioning by potentially increasing investor interest and confidence.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Advances Share Purchase Program
Nov 11, 2025

Safilo Group S.p.A. announced the progress of its share purchase program, acquiring 575,000 ordinary shares between November 3 and November 7, 2025, at a total countervalue of 1,017,287.14 euros. This acquisition brings the company’s total holdings to 22,027,492 shares, representing approximately 5.31% of the outstanding shares, potentially strengthening its market position and signaling confidence in its future prospects.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Achieves Positive Financial Milestone Amidst Stable Sales Growth
Nov 4, 2025

Safilo Group S.p.A. reported stable sales growth and improved margins in the third quarter of 2025, despite challenges from exchange rates and tariffs. The company achieved a positive net financial position for the first time, driven by strong cash generation and effective management of working capital. Sales were supported by robust performance in Europe and growth in Asia and the Pacific, offsetting flat trends in North America. The company’s strategic focus on its contemporary and lifestyle brands contributed to its resilience in a challenging market environment.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Updates on Share Repurchase Program Progress
Nov 4, 2025

Safilo Group S.p.A. has updated its shareholders on the progress of its share repurchase program, which began in June 2025. As of October 31, 2025, the company has acquired a total of 10,452,492 shares, representing approximately 5.17% of the outstanding shares. This strategic move could strengthen Safilo’s market position and potentially enhance shareholder value.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Updates on Share Purchase Program Progress
Oct 28, 2025

Safilo Group S.p.A. has updated its shareholders on the progress of its share purchase program, which was initiated in June 2025. Between October 20 and October 24, 2025, the company purchased 575,000 shares, bringing its total holdings to approximately 5.03% of its outstanding shares. This strategic move aims to strengthen Safilo’s market position and potentially enhance shareholder value.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Explores Expansion with Non-Binding Offer for Eschenbach and BoDe
Oct 24, 2025

Safilo Group has submitted a non-binding offer to acquire the activities of Eschenbach Group and BoDe from Inspecs Group, as part of its strategy to explore new investment opportunities. While the outcome of this offer remains uncertain, this move could potentially enhance Safilo’s market positioning and expand its operational capabilities, impacting stakeholders and the broader eyewear industry.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Expands Shareholding with Recent Purchase
Oct 21, 2025

Safilo Group S.p.A. has executed a share purchase program, acquiring 575,000 ordinary shares between October 13 and October 17, 2025, at an average price of 1.682629 euros per share. This purchase increases the company’s total holdings to approximately 4.90% of its outstanding shares, potentially strengthening its market position and shareholder value.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Updates on Share Purchase Program Progress
Oct 14, 2025

Safilo Group S.p.A. has announced the latest update on its ongoing share purchase program, which was initiated in June 2025. Between October 6 and October 10, 2025, the company purchased 566,934 ordinary shares, bringing its total holdings to approximately 4.76% of the outstanding shares. This strategic move is part of Safilo’s efforts to consolidate its position in the market and potentially enhance shareholder value.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Safilo Group Advances Share Purchase Program
Oct 7, 2025

Safilo Group S.p.A. has announced the progress of its share purchase program, initiated on June 25, 2025, following shareholder approval. Between September 29 and October 3, 2025, the company acquired 575,000 ordinary shares, bringing its total holdings to approximately 4.62% of outstanding shares. This strategic move is part of Safilo’s efforts to consolidate its market position and potentially enhance shareholder value.

The most recent analyst rating on (IT:SFL) stock is a Hold with a EUR1.70 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 06, 2025